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Thursday, 16 February 2017

FLOW TRADERS' FREE FLOAT INCREASES TO APPROXIMATELY 71.3% AS MAJOR SHAREHOLDERS PLACE APPROXIMATELY 5.9 MILLION SHARES WITH INSTITUTIONAL INVESTORS

Flow Traders NV    

Published: 07:30 CET 16-02-2017 /GlobeNewswire /Source: Flow Traders NV / : FLOW /ISIN: NL0011279492

FLOW TRADERS' FREE FLOAT INCREASES TO APPROXIMATELY 71.3% AS MAJOR SHAREHOLDERS PLACE APPROXIMATELY 5.9 MILLION SHARES WITH INSTITUTIONAL INVESTORS

 

FLOW TRADERS' FREE FLOAT INCREASES TO APPROXIMATELY 71.3% AS MAJOR SHAREHOLDERS PLACE APPROXIMATELY 5.9 MILLION SHARES WITH INSTITUTIONAL INVESTORS

16 February 2017, AMSTERDAM, The Netherlands - Flow Traders' free float increases to approximately 71.3% as major shareholders Summit Partners, Avalon and Javak have sold approximately 5.9 million shares in an accelerated bookbuilding process. No shares were issued or sold by the company.

Flow Traders N.V. ("Flow Traders") has been informed that its major shareholders Summit Partners, Avalon Holding B.V. ("Avalon") and Javak Investments B.V. ("Javak") have placed approximately 5.9 million Flow Traders shares with institutional investors in an accelerated bookbuilding process.

No shares were issued or sold by the company. The shares placed represent approximately 12.65% of Flow Traders' issued share capital. This will increase Flow Traders' free float to approximately 71.3%[1].

Immediately upon completion of the transaction, Summit Partners will no longer hold any shares in the capital of Flow Traders, and Javak and Avalon will each hold approximately 12.3% of Flow Traders' issued share capital.

Flow Traders would like to thank Summit Partners for their invaluable support over these last nine years. Summit's deep experience in the financial services and technology sectors helped to drive the rapid expansion of our business and to position Flow Traders as a global leader in the ETP market. As a result of the transaction, Summit Partners ceases to be a party to the relationship agreement that was entered into by and between Flow Traders, Summit Partners, Javak and Avalon in connection with Flow Traders' IPO. This agreement includes, among other things, a right for Summit Partners to designate a supervisory board member for appointment. Han Sikkens, a Managing Director of Summit Partners, has agreed to remain on Flow Traders' Supervisory Board for the remainder of his term, ending on the date of the general meeting of shareholders to be held in 2018.

Contact Details

Flow Traders N.V.
Serge Enneman / Manager Investor Relations
Phone:   +31 20 7996799
Email:    
Investor.relations@flowtraders.com


 

Important legal information

This press release is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

 

The information and materials contained in this press release are provided 'as is' and Flow Traders N.V. or any of its affiliates ("Flow Traders") do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

 

By accepting this document you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this document.


Market Abuse Regulation

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

 



[1] Free float defined as the outstanding capital less shareholdings exceeding 5%, except where such interests are held by a) collective investment schemes/mutual funds or b) pension funds, and excluding shares held by members of Flow Traders' Management Board



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This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Flow Traders NV, Jacob Bontiusplaats 9, Amsterdam 1018 LL, Netherlands
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